Financial and Banking News
Investcorp Signs $330mn Medium-Term Financing
Investcorp signed a $330mn medium-term loan with a group of 38 internationalbanks on 16 April. The loan was originally intended to be $350mn, but was cutback to $300mn at the underwriting stage. It has subsequently been increased.The three-year loan replaces a $250mn facility of similar maturity. Pricing is7/8% over Libor with up front fees as follows: 80bp for $15mn, 75bp for...